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Hong Kong IPO: Aux Electric Oversubscribed by Over 550 Times, Gray Market Price Drops by More Than 4%
2025-09-02 /
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Author：小编
The initial public offering (IPO) results for Aux Electric, a newly listed stock in Hong Kong, have been revealed. The public offering portion was oversubscribed by an astonishing 550 times, with a set issue price of HK$17.42 per share. This resulted in a net fundraising of approximately HK$4 billion, facilitated by CICC as the sole sponsor. The stock is scheduled to commence trading on the Hong Kong Stock Exchange from September 2nd. However, observing the gray market performance, the share price has witnessed a decline of over 4%, currently trading at HK$16.160.
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